Methodist Health System’s board of directors has approved a $120 million expansion that will add a 266,250-square-foot acute care hospital at Methodist Richardson. The 125-bed hospital is slated to open in the fall of 2014 at the southeast corner of Renner Road and State Highway 190.

The site, which is known as Methodist Richardson—Bush/Renner, already is home to a medical office building and outpatient hospital, as well as a cancer center that opened in October 2008. Methodist Richardson has a second campus at Campbell Road.

“This hospital has served Richardson and the surrounding area with compassionate quality health care at its Campbell Road location for more than 40 years,” said Levi Davis, chairman of the Methodist Health System board of directors, in a statement. “We are pleased to begin this new chapter in our history and look forward to the stewardship of this community’s health for many years to come.”

The expanded campus is slated to open in the fall of 2012.

Methodist Health System purchased hospital facilities previously owned by Richardson Hospital Authority in October 2011. The expansion at Bush/Renner extends Methodist’s existing service area and will provide healthcare to residents Richardson, Wylie, Sachse, Murphy, Plano, Garland, and surrounding areas. It will employ almost 900 professionals and physicians representing more than 35 specialties.

“This is an extraordinary day for our community, and we couldn’t be more proud or honored to have Methodist Health System choose Richardson for this endeavor,” said Richardson Mayor Bob Townsend, in a statement. “Access to first-rate healthcare facilities is a primary concern for any community. This expansion strengthens that access for our residents, while also turning our community into a regional destination for healthcare services.”